Hellenic Republic Asset Development Fund Explained

Hellenic Republic Asset Development Fund S.A.
Native Name:	Ταμείο Αξιοποίησης Ιδιωτικής Περιουσίας του Δημοσίου Α.Ε.
Native Name Lang:	el
Type:	Anonymi Etairia
Industry:	Asset management
Location City:	Athens
Location Country:	Greece
Area Served:	Greece
Key People:	Stergios Pitsiorlas (chairman) Dimitris Politis (CEO)
Revenue:	€9 billion (2021)^[1]
Assets:	€20 billion (2021)^[2]
Owner:	Government of Greece through the Hellenic Corporation of Assets and Participations (100%)
Num Employees:	20,000
Num Employees Year:	2021

The Hellenic Republic Asset Development Fund (HRADF; Greek, Modern (1453-);: Ταμείο Αξιοποίησης Ιδιωτικής Περιουσίας του Δημοσίου ΤΑΙΠΕΔ) is a Greek state-owned asset management company that controls a number of state owned enterprises. It is a direct subsidiary of the Hellenic Corporation of Assets and Participations.^{[3] [4]} HRADF exploits the assets of Greece that have been assigned to it and manages the implementation of the privatization program in Greece, specifically, the implementation of the Asset Development Plan "ADP."^[5]

Portfolio

Infrastructure

• Public Power Corporation S.A. (government retains 34.12% owned by Greek government)
• Piraeus Port Authority (government retains 7.14%)
• Thessaloniki Port Authority (government retains 7.27%)
• Marinas of Hydra, Poros and Epidavros
• Marinas of Chios and Pylos
• Athens International Airport (government retains 25%; privatisation of 30% stake held by the Hellenic Republic Asset Development Fund is in progress)^[6]
• Schinias Olympic Rowing and Canoeing Centre
• Markopoulo Olympic Equestrian Centre
• Galatsi Olympic Hall
• South Kavala Natural Gas Storage

Corporate

• Hellenic Petroleum (35.5%)^[7]
• Hellenic Post^[8]
• Public Gas Corporation^[9]

Land development

• Boutique Hotels
• Kassandra Golf (Kassandra)
• Peace and Friendship Stadium

Privatisations

• Egnatia odos
• TrainOSE
• ROSCO (railway maintenance company)^[10]
• Marinas of Alimos (concession of 40 years awarded to Ellaktor^[11]
• Ellinikon airport (see also Hellenikon Metropolitan Park^[12])
• DEPA Infrastructure
• Modiano Market

References

• Web site: Vision | Hellenic Republic Asset Development Fund . Hradf.com . 2016-02-26 . dead . https://web.archive.org/web/20160313201601/http://hradf.com/en/the-fund/vision . 2016-03-13 .

Notes and References

1. Web site: ΤΑΙΠΕΔ – ΤΑΜΕΙΟ ΑΞΙΟΠΟΙΗΣΗΣ ΙΔΙΩΤΙΚΗΣ ΠΕΡΙΟΥΣΙΑΣ ΤΟΥ ΔΗΜΟΣΙΟΥ ΑΕ . 2022-11-29 . el.
2. Web site: ΤΑΙΠΕΔ – ΤΑΜΕΙΟ ΑΞΙΟΠΟΙΗΣΗΣ ΙΔΙΩΤΙΚΗΣ ΠΕΡΙΟΥΣΙΑΣ ΤΟΥ ΔΗΜΟΣΙΟΥ ΑΕ . 2022-11-29 . el.
3. Web site: 10 April 2016 . ekathimerini.com. Trainose and OLTH projects to end in 2016. 14 April 2016.
4. Web site: Direct Subsidiaries | Hellenic Corporation of Assets and Participations . hcap.gr . 2018-02-07.
5. Web site: The Hellenic Republic Asset Development Fund | Hellenic Corporation of Assets and Participations . hcap.gr . 2018-02-07.
6. Web site: TAIPED-owned 30% Stake in Athens Airport up for Sale. 12 September 2019.
7. Web site: Elpe – Shareholders Structure . Helpe.gr . 2014-12-31 . 2016-02-26.
8. Web site: Προχωρά άμεσα η πώληση των ΕΛΤΑ απο το ΤΑΙΠΕΔ . Dikaiologitika.gr . 2014-11-04 . 2016-02-26.
9. Web site: Δημόσια Επιχείρηση Αερίου Α.Ε. – Η ΕΤΑΙΡEΙΑ – Δομή Ομίλου . Depa.gr . 2016-02-26 . https://web.archive.org/web/20161001211844/http://www.depa.gr/content/article/002001004/110.html . 2016-10-01 . dead .
10. Web site: Completion of the EESSTY SA sale to TRAINOSE SA. 2022-01-03. 2021-04-24. https://web.archive.org/web/20210424200112/https://www.hradf.com/en/post/615/oloklhrwthhke-h-pwlhsh-ths-eessty-sthn-trainose. dead.
11. Web site: Greece's Alimos Marina Concession a Done Deal. 31 December 2020.
12. Web site: Minister: Hellinikon Casino, Hotels, Skyscrapers Ready for Construction. 16 June 2020.